The Republican Liberty Caucus of California’s Executive Board approved a resolution calling on Governor Arnold Schwarzenegger and the state legislature to fix the state’s budget problems by rolling back excessive spending, not by seeking a federal bailout.
The full text of the resolution:
Whereas California’s current budget crisis is the result of more than a decade of irresponsible spending by the state legislature, and also the result of billions of dollars of bonds and other spending requirements approved directly by California voters; and whereas
California would have a multi-billion dollar budget surplus if the rule limiting the growth of spending to inflation plus population growth were still in effect; and whereas
California is already one of the most taxed states in the nation; and whereas
It would be deeply unfair to the taxpayers of other states to send their tax dollars to bail out California, or to burden those other taxpayers with additional debt to finance a Federal bailout of California; and whereas
Hand-waving and vague invocations of so-called “Keynesian economics” are no substitute for honest fiscal discipline; and whereas
It is inappropriate for the great State of California to become dependent on or addicted to injections of Federal taxpayer dollars; and whereas
Governor Schwarzenegger loudly foretold over $9 billion of “deep and painful cuts” if propositions 1A through 1E failed to pass in the May 19th special election; and whereas
The voters heard Governor Schwarzenegger loud and clear and responded by voting nearly 2 to 1 against propositions 1A through 1E; and
Governor Schwarzenegger said, “I heard the message of the people loud and clear, and I’m sure that the legislative leaders and the legislators also heard the message loud and clear”;
Therefore be it resolved the Republican Liberty Caucus of California hereby urges Governor Schwarzenegger and the state legislature to neither seek nor accept any federal bailout, but instead to address California’s budget crisis by reducing government spending to a sustainable level.